This course will prepare you to do the following:
This CPE course can be purchased individually, or as a part of the Audit Staff Essentials - Experienced In-Charge/Senior training bundle.
Created for the experienced in-charge/senior auditor, this module is aimed at helping you plan and perform test work in audits which meet current and upcoming accounting guidance regarding auditing revenues. Focused on revenue recognition and auditing revenue, this module is considered an aid in identifying the significant auditing considerations relevant to the forthcoming FASB ASC 606, Revenue from Contracts with Customers, such that sufficient appropriate evidence is gathered by auditors.
We assume you have the skills to gather sufficient and appropriate evidence regarding the revenue of your clients. Therefore, we will not go into the accounting details of how revenue is booked by your clients or much ticking and tying in general. This course will spend time on more advanced considerations.